Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q3 2022 Earnings Conference Call November 3, 2022 12:30 PM ET Company Participants Ali Serdar Yac - Investor Relations & Corporate Finance Director Murat Erkan - Chief Executive Officer Osman Yilmaz - Chief Financial Officer Conference Call Participants Kennedy-Good Jonathan - JPMorgan Nagy Nora - Erste Group Demirak Kayahan - AK Investment Operator Ladies and gentlemen, thank you for standing by. I'm Mina, your Chorus Call operator. Welcome and thank you for joi ...

| --- | --- | |-----------------------------------------------|-------| | | | | TURKCELL GROUP Q3 2022 \| November 3, 2022 | | | | | | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Murat Erkan Turkcell CEO BUSINESS OVERVIEW | | | | | | | | Turkcell Group Third Quarter Highlights 700 REVENUE 56.7%YoY 14.7 Bn TL 1 Mn TOTAL NET ADD EBITDA 48.7%YoY 6.0 Bn TL 240 K NEW HOMEPASS NET INCOME 67.6%Y ...

```markdown [Identity of Directors, Senior Management and Advisers](index=8&type=section&id=ITEM%201.%20IDENTITY%20OF%20DIRECTORS%2C%20SENIOR%20MANAGEMENT%20AND%20ADVISERS) This section identifies the key individuals in the company's leadership and advisory roles [Offer Statistics and Expected Timetable](index=8&type=section&id=ITEM%202.%20OFFER%20STATISTICS%20AND%20EXPECTED%20TIMETABLE) This section provides an overview of offer statistics and expected timetable [Key Information](index=8&type=section&id=ITEM%203.%20KEY%20INFORMATION) This section presents essential company information, including risk factors and financial details [Reserved](index=8&type=section&id=3.A%20RESERVED) This section is reserved and contains no information [Capitalization and Indebtedness](index=8&type=section&id=3.B%20CAPITALIZATION%20AND%20INDEBTEDNESS) This section is not applicable and contains no information [Reasons for the Offer and Use of Proceeds](index=8&type=section&id=3.C%20REASONS%20FOR%20THE%20OFFER%20AND%20USE%20OF%20PROCEEDS) This section is not applicable and contains no information [Risk Factors](index=8&type=section&id=3.D%20RISK%20FACTORS) Turkcell faces principal material risks from intense competition, economic instability, foreign exchange, and regulatory changes - **Competition** in the Turkish telecommunications market, including **price-driven competition** from major operators (Vodafone Turkey, Turk Telekom) and OTT services (WhatsApp, YouTube, Spotify, Netflix), may **adversely affect business growth and financial condition**[38](index=38&type=chunk)[39](index=39&type=chunk)[41](index=41&type=chunk) - Growth strategy is partly dependent on new investment opportunities, including those outside core telecom activities (e.g., financial services, mobile payments, tower operations, electric cars, energy trading), which may require **significant expenditures** and may not achieve expected returns[45](index=45&type=chunk)[46](index=46&type=chunk)[48](index=48&type=chunk) - Investments in international markets (Ukraine, Belarus, Turkish Republic of Northern Cyprus) expose the company to various local economic, business, political, social, financial, liquidity, regulatory, and legal risks, including military actions in Ukraine and sanctions on Belarus[52](index=52&type=chunk)[53](index=53&type=chunk)[54](index=54&type=chunk) - Instability in the political environment, economy, and financial markets in Turkey, including high inflation (**61.1% in March 2022**), Turkish Lira depreciation (**81.6% against USD in 2021**), and the impact of the COVID-19 pandemic, may **adversely affect business and financial condition**[62](index=62&type=chunk)[64](index=64&type=chunk)[65](index=65&type=chunk) - Foreign exchange rate risks, particularly due to a substantial majority of capital expenditure and debt being denominated in USD, EUR, and CNY while revenues are in local currencies (TRY, UAH, BYN), could significantly affect results of operations and financial position if hedging tools are not available or effective[72](index=72&type=chunk)[75](index=75&type=chunk)[77](index=77&type=chunk) - Regulatory decisions and changes in the regulatory environment (ICTA, BRSA, CMB), including pricing regulations, data protection laws (GDPR, Turkish PDPA), and taxes (SCT, VAT, Digital Services Tax), could **adversely affect business, financial condition, and profitability**[92](index=92&type=chunk)[97](index=97&type=chunk)[101](index=101&type=chunk) - Dependence on network and IT systems, third-party suppliers, and exposure to rapid technological changes pose risks such as system failures, cyber security incidents, supply chain disruptions (e.g., global chip shortage), and the need for **significant capital expenditures**[113](index=113&type=chunk)[114](index=114&type=chunk)[138](index=138&type=chunk) - Two major shareholders (TWF and IMTIS Holdings) whose interests may not align with other shareholders, with TWF **controlling 26.2%** and having board appointment rights, and IMTIS Holdings facing potential sanctions related to the situation in Ukraine[141](index=141&type=chunk)[144](index=144&type=chunk)[148](index=148&type=chunk) - Involvement in various claims and legal actions, including tax audits, competition board investigations, and R&D obligation disputes, could have a material effect on financial condition through significant penalties or liabilities[150](index=150&type=chunk)[151](index=151&type=chunk)[155](index=155&type=chunk) [Information on the Company](index=28&type=section&id=ITEM%204.%20INFORMATION%20ON%20THE%20COMPANY) This section provides comprehensive details about Turkcell, including its history, business operations, and organizational structure [History and Development of the Company](index=28&type=section&id=4.A%20HISTORY%20AND%20DEVELOPMENT%20OF%20THE%20COMPANY) Turkcell, founded in **1993**, began operations in **1994**, completed its IPO in **2000**, and is listed on Borsa Istanbul and NYSE - Turkcell was founded in **1993**, commenced operations in **1994**, and completed its IPO in **2000**, listing on Borsa Istanbul and NYSE[166](index=166&type=chunk) - The company operates under a 25-year GSM license (granted **1998**), a 20-year 3G license (granted **2009**), and a 13-year 4.5G authorization certificate (granted **2015**)[169](index=169&type=chunk) - In **October 2020**, TVF Bilgi Teknolojileri Iletisim Hizmetleri Yatirim Sanayi ve Ticaret A.S. (a subsidiary of Turkey Wealth Fund) acquired **control of 26.2%** of outstanding shares, becoming the largest shareholder[166](index=166&type=chunk) 2021 Financial Highlights (TRY million) | Metric | Amount (TRY million) | | :----- | :-------------------- | | Total Revenues | 35,920.5 | | Adjusted EBITDA | 15,013.8 | | Net Income | 5,031.1 | | Capital Expenditures | 11,479.4 | - The Group's subscriber base **grew from 63,500 in 1994 to 51.6 million by year-end 2021** across Turkey and international operations[178](index=178&type=chunk) [Business Overview](index=29&type=section&id=4.B%20BUSINESS%20OVERVIEW) Turkcell has evolved into a converged telecom and digital service provider, maintaining **market leadership in Turkey** through quality services and a strong distribution network - Turkcell's business is divided into three main reportable segments: Turkcell Turkey (**75.8% of revenues**), Turkcell International (**10.4% of revenues**), and Techfin (**3.0% of revenues**), with an 'Other' segment accounting for **13.7% of revenues**[186](index=186&type=chunk)[188](index=188&type=chunk) - As of **December 31, 2021**, Turkcell Group had **51.6 million subscribers** across Turkey, Ukraine, Belarus, and the Turkish Republic of Northern Cyprus, with **39.4 million in Turkey alone**[183](index=183&type=chunk) 2021 Segment Revenue and Adjusted EBITDA (TRY million) | Segment | Revenue (TRY million) | Adjusted EBITDA (TRY million) | | :------------------- | :--------------------- | :----------------------------- | | Turkcell Turkey | 27,223.5 | 12,167.8 | | Turkcell International | 3,750.1 | 1,828.3 | | Techfin | 1,075.7 | 638.9 | | Other | 4,930.0 | 401.1 | | Intersegment Elim. | (1,058.8) | (22.4) | | **Consolidated** | **35,920.5** | **15,013.8** | [I. Industry](index=33&type=section&id=I.%20Industry) The Turkish telecommunications market is characterized by rapid technological evolution and growth potential, with **total market revenue in 2021 was TRY 79.8 billion** - Mobile technology in Turkey has evolved from 2G to 4.5G, with Turkcell offering services across these technologies and making preparations for 5G, including a 5G FWA demo in **2018**[190](index=190&type=chunk) - Fixed broadband services in Turkey include fiber, cable, FWA (Superbox), and xDSL, with Turkcell actively developing its fiber-to-the-home (FTTH) network[191](index=191&type=chunk)[192](index=192&type=chunk) - The Turkish telecommunications market has growth potential due to a young population (**median age 33.1**) and **lower penetration levels** compared to Western Europe[193](index=193&type=chunk)[194](index=194&type=chunk) Turkish Telecommunications Market Overview (2021) | Metric | Value | | :-------------------- | :---------- | | Population of Turkey | 84.7 million | | Total Market Revenue | TRY 79.8 billion | [II. Strategy](index=34&type=section&id=II.%20Strategy) Turkcell's strategy focuses on profitable growth through digital services, digital business solutions, and techfin offerings, leveraging its core competencies - Turkcell's strategy for profitable growth is built on core competencies and focuses on three key areas: digital services and solutions, digital business services, and techfin services, alongside digital transformation of the company[198](index=198&type=chunk) - The company aims to grow its customer base by focusing on the postpaid segment and expanding

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Report on Form 6-K dated March 31, 2022 Commission File Number: 001-15092 TURKCELL ILETISIM HIZMETLERI A.S. Yes ¨ No x (Translation of registrant's name in English) Aydınevler Mahallesi İnönü Caddesi No:20 Küçükyalı Ofispark 34854 Maltepe Istanbul, Turkey (Address of Principal Executive Offices) Indicate by check mark wh ...

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q3 2021 Earnings Conference Call November 4, 2021 1:00 PM ET Company Participants Ali Serdar Yagci – Investor Relations and Corporate Finance Director Murat Erkan – Chief Executive Officer Osman Yilmaz – Chief Financial Officer Conference Call Participants Jonathan Kennedy-Good – JPMorgan Ivan Kim – Xtellus Capital Ondrej Cabejsek – UBS Nora Nagy – Erste Group Kayahan Demirak – AK Investment Operator Ladies and gentlemen, thank you for standing by. I'm Konstantin ...

| --- | --- | --- | --- | --- | --- | |-------|------------|--------------------------|-------|-------|-------------| | (P) O | fizy | TURKCELL GROUP | TV+ | | HO TURKCELL | | | isTurkcell | | | | | | GNC 0 | GAME+ | Q3 2021 November 4, 2021 | | h | | | --- | --- | --- | |-------|-------|-------| | | | | | | | | Q3 2021 Highlights Strong Subscriber Gain Enabled Solid Results REVENUE GROWTH 22.3% EBITDA GROWTH 18.7% 4.0Bn TL EBITDA NET INCOME 1.4Bn TL Up 18.0% YoY LEVERAGE 0.9x Healthy leverage | --- | --- | ...

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q2 2021 Earnings Conference Call August 12, 2021 1:00 PM ET Company Participants Ali Serdar Yagci - Investor Relations and Corporate Finance Director Murat Erkan - Chief Executive Officer Osman Yilmaz - Chief Financial Officer Conference Call Participants Cabejsek Ondrej - UBS Degtyarev Vyacheslav - Goldman Sachs Mandaci Ece - UNLU Securities Demirtas Cemal - Ata Invest Demirak Kayahan - Ak Investment Operator Ladies and gentlemen, thank you for standing by. I am ...

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q1 2021 Earnings Conference Call May 3, 2021 9:00 AM ET Company Participants Ali Serdar Yagci - IR and Corporate Finance Director Murat Erkan - CEO Osman Yilmaz - CFO Conference Call Participants Ece Mandaci - Unlu Securities Ivan Kim - Xtellus Capital Kayahan Demirak - AK Investment Operator Ladies and gentlemen, thank you for standing by. I am Hailey, your Chorus Call operator. Welcome and thank you for joining the Turkcell Conference Call and live Webcast to p ...

TURKCELL GROUP Q1 2021 | May 3, 2021 | --- | --- | --- | |-------|-------|-------| | | | | | | | | | --- | --- | --- | --- | --- | |---------------------------------------------|--------------------------|-------------------------------------------|------------------------------|---------------------------------| | | | | | | | Q1 2021 Strong Start to REVENUE GROWTH | The Year EBITDA | NET INCOME | TOTAL SUBSCRIBER NET ADD | DIGITAL CHANNEL REVENUE SHARE* | | 17.5% 7.8Bn TL Revenue | 3.3 Bn TL Up 17.7% yoy | ...

Use these links to rapidly review the document TABLE OF CONTENTS INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Table of Contents As filed with the Securities and Exchange Commission on April 26, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ...